Goldman Sachs dropped $2 billion on an acquisition, Blackstone aggressively expanded across Europe, and Switzerland finally got serious about post-Credit Suisse reform. December 2025 is shaping up to be a moment you will reference for years.
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Suggested by pillar/sub-theme, then market overlap, then recency.
When UBS acquired Credit Suisse in March 2023, few understood the magnitude of what was actually happening. It was the beginning of a complete restructuring of Swiss private banking that will define careers for a decade.
The single most overrated metric in private banking hiring is AUM. Every RM leads with it. Every hiring committee knows a headline AUM number tells them almost nothing useful about whether this person will generate revenue at their bank.
UBS absorbed Credit Suisse in March 2023. Three years on, 35,000 jobs are being eliminated. The industry has tracked who is leaving — but almost entirely failed to examine what happens to the careers of the people who survived.
Julius Baer posted a 125% jump in net profit. Then cut 400 jobs and set a CHF 110 million cost-reduction target. The question every private banker should be asking has nothing to do with their own performance.
Sergio Ermotti has indicated he expects to step down as CEO of UBS by early 2027. What comes next will shape the trajectory of the world largest wealth manager and with it, the careers of thousands of private bankers across every major financial hub.
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Same pillar and sub-theme, ranked by engagement then recency.
The single most overrated metric in private banking hiring is AUM. Every RM leads with it. Every hiring committee knows a headline AUM number tells them almost nothing useful about whether this person will generate revenue at their bank.
UBS absorbed Credit Suisse in March 2023. Three years on, 35,000 jobs are being eliminated. The industry has tracked who is leaving — but almost entirely failed to examine what happens to the careers of the people who survived.
Julius Baer posted a 125% jump in net profit. Then cut 400 jobs and set a CHF 110 million cost-reduction target. The question every private banker should be asking has nothing to do with their own performance.
Sergio Ermotti has indicated he expects to step down as CEO of UBS by early 2027. What comes next will shape the trajectory of the world largest wealth manager and with it, the careers of thousands of private bankers across every major financial hub.